Noncontributory


Definition of "Noncontributory"

Employee benefit insurance plan under which an employer pays the entire direct cost of the plan; employees do not share in the cost, except perhaps through comparatively lower wages.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Winter Range Form

Type of livestock insurance that covers for cattle and sheep on the range from October 1 to May 1 in ...

Recruiting

Search, attraction, interview, and employment of insurance agents. This is a primary function of the ...

Black List States

States that preclude the placement of surplus lines with particular insurance companies. ...

Loan Amount

The amount the borrower promises to repay, as set forth in the loan contract. The loan amount may e ...

Net Realizable Value

Expected selling price of property less costs to sell. It is the net amount received upon the sale ...

Cross Tie

Supporting beam or connecting member between two walls. A cross tie gives support for wall structure ...

Related Real Estate FAQ

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City Home Prices - The Extra Costs What do Real Estate Attorneys do? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? What Must I Disclose When Selling My Home?

FAQ

What is commission? What is a fixed-rate mortgage? What does FSBO mean? What is hazard insurance? What do I need to know about Individual Health Insurance?